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Per Reg. B, a written notice can be delivered in person, via posal mail or email if the email process in E-Signature compliant. Just a phone call is not sufficient.
Per Reg. B, a written notice can be delivered in person, via posal mail or email if the email process in E-Signature compliant. Just a phone call is not sufficient.
The letter must contain the information about the missing information that is required to make the credit decision, a reasonable amount of time to the applicant to provide the missing information and a notice that failure to provide the information would result in no further consideration be given to the credit application.
Related Topics: What are the General provisions of Regulation B ?
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